Celoxica hires Saucier to drive US expansion

UK-based financial technology firm Celoxica has hired a leading
derivatives industry executive to head up its new business
development in the US, writes Nicola
Tavendale.

Diane Saucier joined the firm’s Chicago offices on
Monday and according to the vendor will be focusing on raising
market awareness in the US, particularly within the Chicago
futures and options community.

Although Celoxica is a UK-based company the majority of
clients are actually based in the US, Saucier told FOWi.

"However, even in the US, Celoxica may be one of the best
kept secrets in the industry," she added.

"With Celoxica's unique technology offering for ultra
low-latency market data, order execution and risk, and the
market looking to reduce total cost of ownership I'm very
excited about the opportunity to help raise Celoxica's profile
and expand the customer base across the broker, prop trading
and buy-side communities."

Relationship building

Her appointment highlights the growing role of independent
software vendors in bridging the gap between rapid regulatory
change in the derivatives market and the cost pressures
inherent in upgrading systems as a result.

An industry veteran with over two decades experience,
Saucier left her previous role with Trading Technologies (TT)
in March.

During her 10 years with firm she was responsible for
spearheading the development and launch of TT’s
connections and maintaining strategic relationships with its
global network of exchanges.

Time is right

Having joined the firm in 2003 as director of product
management and application development, her final role was as
VP market development.

A founding board member and vice president of Women in
Listed Derivatives (WILD) Saucier also serves on the board of
directors and as treasurer of the IT division of the Futures
Industry Association (FIA).

Jean Marc Bouhelier, Celoxica’s chairman and
CEO, said: "Over the last few years Celoxica has quietly built
its product set and client base in North America and we believe
the time is right to now proactively raise our profile in the
trading community.

"Diane brings a wealth of experience to the role and her
appointment reflects Celoxica's intent to ensure our unique
offerings, which deliver deterministic performance, broad
market coverage and reductions in infrastructure cost, are
understood and we know Diane is the right person to convey that
message."